Doximity (DOCS) Net Margin (2020 - 2026)
Doximity's (DOCS) quarterly Net Margin came in at 15.53% in Q2 2026, down 2102.0% year-over-year from 0.78% in Q2 2025, and up 18.08% quarter-over-quarter from 13.15% in Q1 2026.
Analysis
Doximity (DOCS) Net Margin (2020 - 2026) Analysis & Trends
Doximity (DOCS) has reported Net Margin for 7 consecutive years, with 15.53% the latest figure, recorded in Q2 2026.
- On a quarterly basis, Net Margin fell 2102.0% year-over-year to 15.53% in Q2 2026; TTM through Jun 2026 was 25.48%, a 1440.0% decrease from a year earlier, with the FY2026 full-year figure at 30.4%, down 873.0% from the prior year.
- Net Margin was 15.53% for Q2 2026 at Doximity, up from 13.15% in the prior quarter.
- Over five years, Net Margin peaked at 45.17% in Q1 2025 and troughed at 13.15% in Q1 2026.
- A 5-year average of 31.09% and a median of 32.47% in 2024 frame the typical range for Net Margin.
- Across the five-year window, Net Margin soared 2348 bps in 2022 and sank 3202 bps in 2026, its largest moves.
- Over 5 years, Net Margin stood at 29.04% in 2022, then rose by 22 bps to 35.45% in 2023, then rose by 26 bps to 44.6% in 2024, then slipped by 25 bps to 33.27% in 2025, then plunged by 53 bps to 15.53% in 2026.
- The last three Net Margin figures came in at 15.53% (Q2 2026), 13.15% (Q1 2026), and 33.27% (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Veeva Systems | 44.53 Bn | 37.29 Bn | 695.95 Mn | 29.47% |
| 2 | Waystar Holding | 4.81 Bn | 4.62 Bn | 221.99 Mn | 12.78% |
| 3 | Doximity | 4.74 Bn | 4.05 Bn | 132.93 Mn | 15.53% |
| 4 | CCC Intelligent Solutions Holdings | 4.41 Bn | 4.30 Bn | 210.64 Mn | 7.27% |
| 5 | EverCommerce | 1.40 Bn | 1.27 Bn | 119.50 Mn | 6.37% |
| 6 | Schrodinger | 1.32 Bn | 904.47 Mn | 32.43 Mn | 10.15% |
| 7 | Certara | 1.21 Bn | 1.03 Bn | 58.15 Mn | -59.26% |
| 8 | GoodRx Holdings | 1.18 Bn | 887.53 Mn | 179.41 Mn | 4.26% |
| 9 | Healthstream | 853.81 Mn | 787.08 Mn | 54.72 Mn | 7.96% |
| 10 | Phreesia | 677.81 Mn | 677.81 Mn | 110.19 Mn | 1.48% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 15.53% |
| Mar 31, 2026 | 13.15% |
| Dec 31, 2025 | 33.27% |
| Sep 30, 2025 | 36.82% |
| Jun 30, 2025 | 36.54% |
| Mar 31, 2025 | 45.17% |
| Dec 31, 2024 | 44.60% |
| Sep 30, 2024 | 32.27% |
| Jun 30, 2024 | 32.66% |
| Mar 31, 2024 | 34.41% |
| Dec 31, 2023 | 35.45% |
| Sep 30, 2023 | 26.94% |
| Jun 30, 2023 | 26.19% |
| Mar 31, 2023 | 27.64% |
| Dec 31, 2022 | 29.04% |
| Sep 30, 2022 | 25.74% |
| Jun 30, 2022 | 24.69% |
| Mar 31, 2022 | 39.58% |
| Dec 31, 2021 | 56.85% |
| Sep 30, 2021 | 45.48% |